REG - Gresham House Energy - Capital Markets Day 2024

Gresham House Energy Storage FundAnnouncement

30/10/2024 09:15

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RNS Number : 2265K  Gresham House Energy Storage Fund  30 October 2024

30 October 2024

 

GRESHAM HOUSE ENERGY STORAGE FUND PLC

("GRID" or the "Company")

 

Capital Markets Day 2024

Virtual event, 2.00-4.00pm (GMT), Wednesday 27 November 2024

 

The Manager is hosting a virtual Capital Markets Day event on Wednesday 27
November, 2.00-4.00pm (GMT) - please register to attend here
(https://greshamhouse.connectid.cloud/register) .

 

Fund Manager, Ben Guest will set out the framework for the Company's
three-year plan through 2027, including indicative targets for MW and MWh
capacity, revenues and EBITDA while stabilising earnings volatility.

 

Ben will be joined by his senior team members, members of the GRID Board, and
guest speakers from Octopus Energy and Modo Energy.

 

The event will be streamed live, and guests will be invited to participate in
a live Q&A.

https://greshamhouse.connectid.cloud/register
(https://greshamhouse.connectid.cloud/register)

 

 

ENDS

 

 

For further information, please contact:

 

 Gresham House New Energy                +44 (0)20 3837 6270

 Ben Guest

 James Bustin

 Jefferies International Limited         +44 (0)20 7029 8000

 Stuart Klein

 Gaudi Le Roux

 Harry Randall

 KL Communications                       gh@kl-communications.com (mailto:gh@kl-communications.com)

 Charles Gorman                          +44 (0)20 3882 6644

 Charlotte Francis

 Effie Aye-Maung-Hider

                                         GHEnergyStorageCoSec@jtcgroup.com (mailto:GHEnergyStorageCoSec@jtcgroup.com)

                                       +44 (0)20 7409 0181
 JTC (UK) Limited as Company Secretary

 Christopher Gibbons

 

About the Company and the Manager:

Gresham House Energy Storage Fund plc seeks to provide investors with an
attractive and sustainable dividend over the long term by investing in a
diversified portfolio of utility-scale battery energy storage systems (known
as BESS) located in Great Britain and internationally. In addition, the
Company seeks to provide investors with the prospect of capital growth through
the re-investment of net cash generated in excess of the target dividend in
accordance with the Company's investment policy.

 

The Company targets an unlevered Net Asset Value total return of 8% per annum
and a levered Net Asset Value total return of 15% per annum, in each case
calculated net of the Company's costs and expenses.

Gresham House Asset Management is the FCA authorised operating business of
Gresham House Ltd, a specialist alternative asset manager. Gresham House is
committed to operating responsibly and sustainably, taking the long view in
delivering sustainable investment solutions.

 

www.greshamhouse.com (http://www.greshamhouse.com/)

 

Definition of utility-scale battery energy storage systems (BESS)

Utility-scale battery energy storage systems (BESS) are the enabling
infrastructure that will support the continued growth of renewable energy
sources such as wind and solar, essential to the UK's stated target to reduce
carbon emissions. They store excess energy generated by renewable energy
sources and then release that stored energy back into the grid during peak
hours when there is increased demand.

 

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